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Nationwide boosts 401(k) plan match

Nationwide Mutual Insurance Co., Columbus, Ohio, is increasing its 401(k) match and providing a one-time bonus of $1,000 to many employees, citing the passage last month of the federal law overhauling the U.S. tax system, confirmed Joe Case, a company spokesman.

"Understanding the importance of planning for and living in retirement, starting in 2018 Nationwide will increase its 401(k)-company match for all associates," Mr. Case said in an email.

"We will move from a 50% match on the first 6% of an associate's contribution, to 50% on the first 7%." The adjustment will take place during the first quarter of 2018.